4208 Chase DRIVE
About This Property
Nestled within proximity to shops, entertainment, and easy interstate access, this home encapsulates the perfect blend of serene country living and urban amenities. The sprawling property spans over an acre, ensconced by a secure fence, providing a haven for outdoor activities, privacy, and peace of mind.
As you cross the threshold, the captivating spiral staircase in the foyer stands as a testament to the home's elegant character, inviting you to explore its many treasures. With four generously sized bedrooms and four thoughtfully designed bathrooms, each family member is afforded their own retreat.
The heart of this residence beats within its inviting living spaces, meticulously designed for relaxation and entertainment. Sunlight bathes the living room, creating a seamless transition between indoors and outdoors. A crowning jewel of the property is the screened-in, solar-panel heated pool. This innovative feature extends the pool's seasonal use, while reflecting the home's eco-conscious ethos.
Adjacent to the pool area, a lavish hot tub entices, offering a sanctuary for unwinding and rejuvenation. Envision evenings spent basking under the stars, enveloped in the tranquil embrace of warm, bubbling waters.
A culinary haven awaits in the well-appointed kitchen, where modern appliances, ample counter space, and tasteful cabinetry create a practical yet elegant space. Seamlessly connected to the living and dining areas, it fosters an inclusive atmosphere for family gatherings and entertaining guests.
The year 2011 marked a significant upgrade, with updated pool pavers, doors, and appliances enhancing the home's allure. Double-paned windows and extra insulation showcase the commitment to energy efficiency and comfort. The absence of an HOA affords homeowners the freedom to tailor their living experience to their desires.
Furthermore, the residence boasts its own well and septic systems, contributing to self-sufficiency and conservation. A distinctive feature of this property is the Builtstrong 12x24 insulated shed, complete with electricity and rated for winds up to 160 mph, exemplifying a commitment to practicality and durability.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 6, 2023 | Sold | ||
| Sold | |||
| Oct 23, 2023 | In contract | - | |
| In contract | |||
| Oct 19, 2023 | Price Decreased |
$625,000
↓ $25K
(3.9%) | |
| Price Decreased | |||
| Sep 21, 2023 | Price Decreased |
$650,000
↓ $25K
(3.7%) | |
| Price Decreased | |||
| Sep 8, 2023 | Price Decreased |
$675,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
Property Highlights
Building Info
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Price/ft²
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About Fox Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017